What is Custom Indicator Strategy?
Custom Indicator Strategy gives users the freedom to combine their preferred indicators to generate their own customized strategy. A custom indicator strategy will enter employment after a successful backtest.
Where to set up a custom strategy?
First: Navigation bar - "Copy Trading" - "Custom Strategy". Click on "Backtest" after setting up the parameters.
Second: Click on "Backtest Records" in "My Backtests" to view reference backtest data (data from the past one month will be backtested by default). Click on the left button in the "Action" column to create a strategy. Fill in the parameters and click "Next".
Third: Set up the parameters and click "Create".
Parameters setup
Period, side (long or short), entry condition, exit condition are the parameters you can define.
Entry condition
There
are 3 parameters to be set for the entry condition. Two are technical
indicators and one left is inequality direction, as shown below:
Technical indicators
Currently, the available technical indicators are MA, MACD, KDJ, number, RSI, ROC, MFI, WILLER, CCI, and ATR.
When the technical indicator is chosen, you can adjust the parameters
to change, for example, the period of the indicator, by clicking the
icon right to the input box and inputting numerical values.
[Number] refers to a numerical value that users can enter freely. It is used as a comparative condition by connecting with indicator parameters through connectors. For example, in the entry condition settings:
Inequality directions
The currently available inequality directions are golden cross, death cross, greater than, less than, greater than or equal to, less than or equal to, and equal to. During the ution of the strategy, the result of technical indicator 1 will be compared to the result of technical indicator 2.
Multiple Entry Conditions
Click on "+ Add More Entry Conditions" to add more entry conditions.
Logical Conjunctions of Indicators
When multiple indicators form an utable strategy, the indicators are
connected by logical conjunctions - "and" and "or". If "and" is chosen,
only when the former indicator is uted and found to follow the
inequality direction, the latter indicator will then be uted. When both
indicators follow their own inequality direction, the position will be
opened. If the indicator before "or" doesn't obey the chosen inequality
direction but the indicator after "or" does, the position will still be
opened.
"and": when all indicators follow the chosen inequality direction, a position will be opened/closed.
"or": when at least one of all indicators follows the chosen inequality direction, a position will be opened/closed..
Exit Condition Setup
Same as the setup of entry condition. Please refer to 2.1.
View Operation
When custom strategies are generated, you can find them in "Ongoing Strategies" under "My Strategies", where you can check the entry and exit conditions.
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